In London on Thursday, the price of Brent North Sea crude for April delivery climbed 64 cents to close at 58.79 dollars per barrel. On the New York Mercantile Exchange, the heating oil rose 1.78 cent to finish at 1.6253 dollars a gallon, while the gasoline rose 2.76 cents to close at 1.4124 dollars a gallon. Natural gas increased 6.8 cents to settle at 7.134 dollars per 1,000 cubic feet.
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Oil Price Recovered On Iran Concerns
World crude oil prices rallied Thursday as traders still concerned over Iran
World crude oil prices rallied Thursday as traders still concerned over Iran and took positions in the low prices.
Light sweet crude for delivery in March, added 81 cents to $58.46 per barrel in closing trade. The contract had fallen by $1.92 a barrel on Wednesday after U.S. energy stockpiles grew.
In London on Thursday, the price of Brent North Sea crude for April delivery climbed 64 cents to close at 58.79 dollars per barrel. On the New York Mercantile Exchange, the heating oil rose 1.78 cent to finish at 1.6253 dollars a gallon, while the gasoline rose 2.76 cents to close at 1.4124 dollars a gallon. Natural gas increased 6.8 cents to settle at 7.134 dollars per 1,000 cubic feet.
In London on Thursday, the price of Brent North Sea crude for April delivery climbed 64 cents to close at 58.79 dollars per barrel. On the New York Mercantile Exchange, the heating oil rose 1.78 cent to finish at 1.6253 dollars a gallon, while the gasoline rose 2.76 cents to close at 1.4124 dollars a gallon. Natural gas increased 6.8 cents to settle at 7.134 dollars per 1,000 cubic feet.
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